Vertis Infra says sponsor Galaxy sold 204.8m units for INR20b

Vertis Infra says sponsor Galaxy sold 204.8m units for INR20b

Galaxy Digital, a digital asset management firm, has announced a significant move by partnering with Superstate to tokenize its Class A common shares (GLXY) on the Solana blockchain. This strategic initiative marks a pivotal step in bridging traditional equity markets with blockchain technology [1].

The collaboration will see Superstate act as the transfer agent, registering ownership instantly on Solana’s network. Each token will represent a 1:1 backed share of Galaxy Digital, ensuring alignment with real equity. This tokenization process is expected to accelerate settlements, streamline accounting, extend investor access, and enable future 24/7 trading of shares [1].

For now, access to the tokenized shares is restricted to KYC-approved investors. The official contract address for GLXY tokens on Solana is 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. Galaxy Digital has warned against any other GLXY tokens, labeling them as fraudulent [1].

Galaxy Digital's Founder and CEO, Mike Novogratz, stated that this move is part of a broader strategy to build a new capital marketplace. "By combining traditional equity with blockchain infrastructure, we’re helping build the foundation of a new capital marketplace. Tokenized shares bring transparency, speed, and scalability — not just for Galaxy, but for the entire market," he said [1].

The news of the tokenization has been positively received by the market. GLXY shares jumped 5.5% following the announcement, reflecting investor enthusiasm for the integration of blockchain technology in traditional equity markets [1]. The stock is already listed on both the Toronto Stock Exchange and Nasdaq, and this move could increase its visibility among digital-first investors.

Superstate, which debuted its Opening Bell platform in May 2025, enables public companies to convert stocks into tokenized formats accessible to digital asset investors. Galaxy Digital confirmed that additional listings on Opening Bell may follow in the future [1].

References:

[1] Galaxy Digital Teams Up with Superstate to Tokenize Shares on Solana
URL: https://coinpaper.com/10867/galaxy-digital-to-tokenize-its-shares-on-solana-in-superstate-deal